Huobi bought Latin American crypto exchange Bitex
The company intends to expand its influence in the region, while the local platform will retain the brand and continue to operate independently
26.05.2022 - 15:00
439
2 min
0
What’s new? One of the world's largest cryptocurrency exchanges by trading volume, Huobi Global, bought Latin American trading platform Bitex to expand its influence in the region. Huobi said it plans to integrate Bitex transactions with its platform. This will allow customers in the region to trade all digital assets available on Huobi. The company also noted that it intends to add local fiat currencies to the platform. At the same time, the Latin American cryptocurrency exchange will retain its brand and continue to operate independently. The terms of the deal were not disclosed. This is according to the press release by Huobi.
What preceded it? Huobi Group began its business in Latin America by launching Huobi Argentina in 2019. This was facilitated by the growing demand for cryptocurrency-related products and services. In 2020, Huobi Argentina made it possible to trade the Argentine peso in pairs with BTC and Tether stablecoin (USDT).
What is known about Huobi? It is a leading digital asset trading platform founded in 2013 in Beijing. Huobi is currently based in Singapore. The exchange has its own token called Huobi Token (HT), which is used for fee discounts as well as additional rewards and features. The daily trading volume is $2 billion (according to CoinMarketCap).
What is known about Bitex? It is the first crypto exchange founded in Latin America in 2014. It has offices in Argentina, Chile, Paraguay, and Uruguay. There are 15 cryptocurrencies available for trading on the platform, including BTC, USDT, ETH, BCH, and DOGE.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$64 347
BTC
-2.81%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.21
XRP
+0.94%
-
Dogecoin
$0.091257
DOGE
-0.66%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$593.86
ZEC
-2.26%
-
Cardano
$0.199931
ADA
-4.21%
-
Stellar XLM
$0.213902
XLM
-2.46%
-
Polkadot
$3.32
DOT
+5.27%